Manulife declares common share dividend

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MFC: Manulife Financial Corporation Announces Quarterly Dividend of $0.365 per Share, Plans to Purchase Common Shares for Dividend Reinvestment and Share Purchase Plans

C$ unless otherwise stated                          TSX/NYSE/PSE: MFC     SEHK: 945

TORONTO, Nov. 8, 2023 /PRNewswire/ - Manulife's Board of Directors today announced a quarterly common shareholders' dividend of $0.365 per share on the common shares of Manulife Financial Corporation (the "Company"), payable on and after December 19, 2023, to shareholders of record at the close of business on November 22, 2023.

In respect of the Company's Canadian Dividend Reinvestment and Share Purchase Plan and its U.S. Dividend Reinvestment and Share Purchase Plan, the Company will purchase common shares on the open market in connection with the reinvestment of dividends and optional cash purchases under these plans. The purchase price of these common shares will be based on the average of the actual cost to purchase them and there are no applicable discounts.

About Manulife

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we provide financial advice and insurance, operating as Manulife across Canada, Asia, and Europe, and primarily as John Hancock in the United States. Through Manulife Investment Management, the global brand for our Global Wealth and Asset Management segment, we serve individuals, institutions, and retirement plan members worldwide. At the end of 2022, we had more than 40,000 employees, over 116,000 agents, and thousands of distribution partners, serving over 34 million customers. We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.

Not all offerings are available in all jurisdictions. For additional information, please visit manulife.com.

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SOURCE Manulife Financial Corporation

FAQ

What is the quarterly dividend announced by Manulife Financial Corporation (MFC)?

Manulife Financial Corporation (MFC) announced a quarterly common shareholders' dividend of $0.365 per share.

When is the dividend payable to shareholders of Manulife Financial Corporation (MFC)?

The dividend is payable on and after December 19, 2023, to shareholders of record at the close of business on November 22, 2023.

What plans does Manulife Financial Corporation (MFC) have for dividend reinvestment and share purchase?

Manulife Financial Corporation (MFC) plans to purchase common shares on the open market in connection with the reinvestment of dividends and optional cash purchases under its Canadian and U.S. Dividend Reinvestment and Share Purchase Plans.

How will the purchase price of common shares for dividend reinvestment be determined by Manulife Financial Corporation (MFC)?

The purchase price of common shares for dividend reinvestment will be based on the average of the actual cost to purchase them, with no applicable discounts.